First let me start off by boasting about my gains — up 66.48% for the month — the single best start to a new year I have ever had. I attribute my success to the audacity of this tape, a sublime cocktail of stupidity and bravery in the face of overwhelming odds. Populism has never worked. People keep falling for its toxic allure. Nevertheless, here we are gracing submentals from Reddit with social credits for “breaking” hedge funds by gunning up GME to levels that are not only inane, but utterly stupid.
I get it: fuck the man. Get shorty. DOWN WITH THE SLAVERS — CUT OFF THEIR HEADS AND RIPS OUT THEIR LUNGS.
However, we had a good thing going — trading Biden stocks and Tesla and now it’s all ruined — because morons don’t know when to stop. We can’t have good things. We can never have good things.
Congratulations on your GME squeeze — as the market descends into a fiery pit of hell, bringing forth centaurs onto the earth’s crust who will then stampede over our heads and rape markets with their rods. I hate the GME people now, only because of two reasons.
1. I am not long GME, so their successes mean nothing to me. As a matter of fact, I’d like to see them zero out.
2. THEY’VE CREATED BLACKHOLES in the market that is sucking all of the liquidity out.
For the love of all that is holy, brokerage firms have restricted purchases of numerous stocks to just 1 share now.
ROBINHOOD REVEALS ABSURD SHARE LIMITS ON NUMBER OF STOCKS — 1 SHARE OF $AMD FOR EXAMPLE pic.twitter.com/1kA9Ud5YQd
— The_Real_Fly (@The_Real_Fly) January 29, 2021
There is in fact a storm brewing and we have GME to thank for it. This isn’t a grand conspiracy to assist poor old billionaire hedge funds. Online brokerage don’t give a fuck about that. They’re suffering from liquidity issues — probably because 100,000 misfits went NEGATIVE $5m in their naked calls attempting to time a top in GME or AMC.
What more can I say other than to allude to the fact that we were already gravely overbought and now there is a catalyst for fires. You will rue the day you praised the sub-90 IQ creatures from WSB — a denizen of inequity that I know well indeed — having been a mod there. I left hating all of them and I hate them still.
I ended the session net short.
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Funny theme song of the redditors.
https://youtu.be/8tZLiQ3WXRw
I heard when GME hits $1000 Elon is gonna put a GameStop logo on a rocket and literally send it to the fucking moon hahaha
Haha, that’s pretty good.
It’s all fun and games when they are sticking it to someone else. Why so short to begin with? To drive price lower for a buyout? No sympathy for that bullshit.
As for the rest of the market – all good things come to an end. This was going to
happen anyway in the next couple months when the MUTANT VIRUSES eat us alive. Now we can blame it on redditors and their stimmy checks.
Strange times.
I see Donald Trump, Jr. and Alexandria Cortez agree on the same issue about a “rigged system ” and collusion among “hedge fund buddies.”
This according to their tweets.
Fly is wet and pissy bc he missed the trade. But you love blood red markets Fly so chill the fuck out. Those WSB guys are in this trade bc it’s going to work, and that’s fucking it. Sorry you didn’t listen when I started saying the price target was $800 or MOAR. And of course the firms have to sell their 10-15x levered longs to make room for this shit. It’s a gift really bc we will get to BTFMD for glory later.
Come find me when GME hits $4000
PS Fly is a SUIT and always has been
You’re a fucking retard
Says the guy who gave trump digit blowjobs for two years and is now bitching about populism
So. heckler, you’re claiming to be a Trump supporter?
Can someone elaborate on the liquidity crunch facing online brokers? I still don’t understand what is causing it…
Think it has to do w like settlement times (something about clearing houses) and having enough capital to handle the potential volatility. Like they have to pay people if GME hits $4000 and everyone sells. Some of these old timers probably know… or probably not bc we all know it’s always been Ponzi bulllshit lol. Folks are selling now bc they are over leveraged or don’t want to take the dip to the face like a man and hold
They have sold a ton of naked calls and need to buy to cover at least part of their exposure.
Every trade, even cash trades, are an extension of credit during settlement. Brokers put up collateral with Clearinghouses to settle obligations. Basically the clearinghouses don’t want to fuck around with ultra volatile shit when a bunch of other people on margin can’t meet their calls.
Liquidity is at the same time the most crucial financial vital sign and the most disguised.
OK Doomer
If one can ignore the hype of David (Reddit) v Goliath (Wall Street) and look at pure fundamentals, it is pretty clear to me that GameStop and AMC have almost no chance for success as ongoing companies. As I mentioned before, the Motion Picture industry now has the public used to streaming first run movies. GameStop reminds me of Blockbuster Video.
They really aren’t special or unique. A similar situation happened with VW stock years ago but when it came back to earth it at least had a decent business model.
Sure the hedge funds are speculators, but so is the Reddit Army.
In the end, fundamentals will win out.
For Gamestop, I wouldn’t count success out completely. Likely a shell of what they used to be. But, they did announce a “partnership” with Microsoft, though gave zero details. Gaming is a huge market, ridiculous, really. Not just the games, the merchandise. But yeah, if they continue doing what they are doing they will be the next Blockbuster.
AMC, last time I went to a theater was at Navy Pier Omnimax a couple years ago. Everything was automated. I think I saw four employees, it was like a ghost town. If they can’t make money on that then I don’t know.
Give me Silver, Blue and Gold, the color of the sky I’m told, my rainbow is overdue.
It was a very entertaining week in the markets. And it’s certainly fun to watch the unwashed revenge trader make the Fed’s ..Yellen’s ..etc. owners cry.
But for context, I always try to view the events which dominate our consciousness on any day from the perspective of the citizens in other countries who are in a life and death struggle to survive what all the warmongers that we just reelected are doing to them in our name. Being in the US, we are both very lucky and very disgusting.
http://counterfeitingstock.com/CounterfeitingStock.html
Reading that convinces me that the shorts deserve what they are getting.
I’m still old enough to remember when Americans had BALLS. Remember the 40′ high jungle gyms over concrete? The ring-o-levio games on asphalt? The metal lawn darts? Roof tag?!?
Now people scream if they see a kid on a bicycle without a helmet or say something that offends am LBQTRTSTERWJDF or whatever the fukin letters are. What happened to what made America America? What happened to BALLS? To letting Americans take their OWN risks and make their OWN mistakes? You REALLY think the MSM wants to ‘protect us little folks who may lose money’? Gimmie a break.
Trading involves RISK. That’s what you do when you trade ladies and gentleman; you RISK your OWN money because we are SUPPOSED to be FREE.
The same assholes who tell us to make our small kids wear a mask (and now 2 or 3 masks) even though it has become pretty clear that kids under the age of 14 are by nearly every statistic NOT part of the COVID19-SARS2 risk group are now telling us when we are allowed to risk our OWN money. They are sufficating us literally and figuratively. I don’t want a ‘nanny’ state.
You accepted that you couldn’t criticize the riots of BLM and ANTIFA. You accepted that you can’t open your business as you like. See your friends and family as you like. That you can’t criticize the leftist run media or establishment as you like if you see something that looks rigged.
We are becoming the ‘People’s Republic’ of Communist China – and maybe thats exactly the plan the snowflakes on the left wanted all along.
pirate is correct. America has been pussified. There are no real men anymore. Look at that fukin he/she from PA that Biden nominated for Heath Secretary. Disgraceful.
Meanwhile as our soldiers are now forced to once again accept all kinds of “men” in their barracks, the super tough men of the Chinese Communist army practice by tossing each other live grenades. Iran is licking it’s chops for new terror weapons & cash as limp wristed Obama holdovers come to the Persian bizarre to give away more free money and sweetheart deals..
We are in REAL trouble my fellow Americans
I don’t know about that Health “person” nominated.
I don’t see how nominating Ben Franklin as Assistant Sect’y. of Health is a bad thing.
https://images.app.goo.gl/spADsak3TwycQqiT6
We have an effeminate society. Effeminacy isn’t swishing faggotry. Although we have plenty of that in this country too. Effeminacy is a vice that transcends sex. It is the vice of softness, the unwillingness to stand any personal discomfort, much less suffering. This vice is contrary to the virtue of perseverance.
The committee has deducted three points off of the last three posters’ social credit scores.